Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results
for the Nine Months Ended December 31, 2022
(Based on Japanese GAAP)
February 7, 2023
Company name:
ALPHA SYSTEMS INC.
Stock exchange listing: Tokyo
Stock code:
Representative:

4719
President

URL

https://www.alpha.co.jp/
Kiyoshi Saito

Inquiries:
Senior Executive Managing Director
Scheduled date to file Quarterly Securities Report:

Satoshi Takada
February 9, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

044-733-4111(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)(1) Non-consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales
Nine months ended December 31, 2022
Nine months ended December 31, 2021

Millions of yen
26,352
24,706

Operating profit% Millions of yen
6.7
3,114
12.3
2,928

Earnings per share% Millions of yen
6.4
3,162
29.2
2,968

Profit% Millions of yen
6.5
2,158
28.3
2,024

%
6.6
32.4

Diluted earnings per share

Yen
153.77144.21

Nine months ended December 31, 2022
Nine months ended December 31, 2021

Ordinary profit

Yen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
47,097
46,824As of December 31, 2022
As of March 31, 2022

Equity ratio

Millions of yen
39,014
38,122%82.8
81.4

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
25.00
35.00

Yen––

Yen
55.00

Yen
80.00

35.00

70.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changesNet sales
Full year

Millions of yen
35,000Operating profit% Millions of yen
3.3
4,200

Ordinary profit% Millions of yen
4.1
4,240

1Profit% Millions of yen
3.8
2,900

Earnings per share%
4.0

Yen
206.56

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
NoChanges in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2022

14,052,400 shares As of March 31, 2022

14,052,400 shares

Number of treasury shares at the end of the period
As of December 31, 2022

13,235 shares As of March 31, 2022

13,007 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2022

14,039,284 shares Nine months ended December 31, 2021

2

14,039,559 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2022

As of December 31, 2022

AssetsCurrent assets
Cash and deposits
Accounts receivable and contract assets

22,700,793
8,556,001

22,400,799
7,992,814

Securities
Work in process

1,499,953
8,583

999,904
163,290

Other
Total current assets

238,804

288,519

33,004,137

31,845,328

Non-current assets
Property, plant and equipment
Buildings, net

4,244,378

4,103,415

Land
Other, net

5,173,538
123,629

5,173,538
115,504

Total property, plant and equipment

9,541,546

9,392,458

Intangible assets
Investments and other assets

24,42923,274

Investment securities
Other

792,694
3,462,880

1,588,679
4,248,291(1,000)(1,000)Allowance for doubtful accounts
Total investments and other assets

4,254,575

5,835,971

13,820,551

15,251,704

46,824,688

47,097,032

Accounts payable - trade
Income taxes payable

1,380,293
860,989

1,278,277
227,163

Provision for bonuses
Provision for bonuses for directors (and other officers)

1,219,722–

1,003,045
129,000

Other

3,717,672

3,995,218

Total current liabilities

7,178,677

6,632,704

Provision for retirement benefits
Other

1,283,906
239,147

1,210,711
239,147

Total non-current liabilities

1,523,054

1,449,859

8,701,731

8,082,564

Shareholders' equity
Share capital

8,500,550

8,500,550

Capital surplus
Retained earnings

8,647,050
20,960,509

8,647,050
21,855,790(38,352)(39,334)

38,069,757

38,964,055Valuation difference on available-for-sale securities

53,19950,413

Total valuation and translation adjustments

53,19950,41338,122,956

39,014,468

46,824,688

47,097,032

Total non-current assets
Total assets
Liabilities
Current liabilities

Non-current liabilities

Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Valuation and translation adjustments

Total net assets
Total liabilities and net assets

3Non-consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended

Nine months ended

December 31, 2021

December 31, 2022

Net sales
Cost of sales

24,706,758
18,649,247

26,352,346
20,007,530

Gross profit

6,057,510

6,344,816

Selling, general and administrative expenses

3,129,221

3,230,070

Operating profit

2,928,288

3,114,746

Interest income
Dividend income

13,5272,370

20,553
1,150

Rental income
Other

27,2409,057

27,24011,407

Total non-operating income

52,19560,351

12,14012,581Non-operating income

Non-operating expenses
Rental costs
Other

84

0

12,224

12,581

2,968,259

3,162,516

1,523

976

10–

1,533

976

Loss on retirement of non-current assets

3,517

–

Total extraordinary losses

3,517

–

Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses

Profit before income taxes

2,966,275

3,163,492

Income taxes - current

791,853

787,839

Income taxes - deferred

149,722

216,832

Total income taxes

941,576

1,004,671

2,024,699

2,158,820

Profit4